Indonesia Vehicle Market fell 9% in May 2014.

Indonesia Vehicle Market

Indonesia Vehicle Market fell 9% in May 2014, albeit observers positive expectations. The market is penalized by low consumer’s demand after having more than doubled sales from 2009 and 2013 surging in World’s 14th place.

Car sales are expected to be stagnant due to Indonesia’s higher interest rate environment (Bank Indonesia raised its benchmark interest rate gradually from 5.75% in June 2013 to 7.5% in November 2013), high inflation (7.3% in May 2014), the sharply depreciated rupiah exchange rate in 2013 (which makes imports of car components more expensive) as well as the slowing economy (GDP slowed to 5.2% in Q1 2014). The higher interest rate environment is expected to continue throughout 2014, while inflation expected to ease further in the months ahead and may be kept within the central bank’s target range of 3.5 to 5.5 percent for 2014. Approximately 75% of total Indonesian car sales involve credit loans from a financial.

In May 2014 accordingly with data released by GAIKINDO, the Indonesian Associations of Car Manufacturers, total new Light Passengers Vehicles sold have been 87.748 (please be aware we do not include heavy trucks and busses), losing 8.7% from year ago. Year to date May figures have been flat from last year with 473.000 sales.

Toyota in first sold 26.749 vehicles with 30.5% of share, down 1.7 points from the previous month. Year to date sales were 142.045 down 18.1% from year ago.  The MPV Avanza was market leader with 12.251 sales while Innova ranked in third.

Honda  jumped in second place with an outstanding performance selling 16.356 units with share soared at 18.6%, up 4.4 points from the previous month with cumulative sales at 65.460 and share at 13.9%, up 4.8 points from last year. The Mobilio was the second best-selling model with 9.684 retails.

Suzuki was third selling 12.655 units with 14.4% of share, down 0.6 points from April. Year to date sales were 68.675 with share at 14.6%, up 0.5 points from year ago. The Ertiga was the top model ranking in 6th with 4.354 sales.

Daihatsu was fourth with 12.260 sales and 14.0% of share, down 3.1 points from the previous month. Year to date sales were 79.402, with 16.8% of share, up 2.1 points from last year.

Mitsubishi ranked in fifth place have sold 10.600 falling at 12.1% of share, down 2.3 points from the previous month. Year to date sales were 65.215 with 13.8% of share, up 0.3 points from the previous month.

Leader in the premium brand segment was Mercedes, with 428 retails more than doubling the rival BMW.

Looking at the best-selling models first was Avanza with 12.251 units, followed by Honda Mobilio (9.684) and Toyota Innova (4.964).  The last generation Honda Brio gained 2.8% of market share entering in the top ten in 9th place,

In the interactive tables, statistics regarding All Brands and the Best-selling Models:

Rank May Rank YTD Brand Sales May 2014 Sales YTD 2014 Share 2013 Share Q1 2014 Share Apr Share May Share YTD
1 1 Toyota 26.749 142.045 35,4% 29,4% 32,2% 30,5% 30,1%
2 4 Honda 16.356 65.460 8,1% 12,4% 14,2% 18,6% 13,9%
3 3 Suzuki 12.655 68.675 14,1% 14,5% 15,0% 14,4% 14,6%
4 2 Daihatsu 12.260 79.402 14,7% 17,6% 17,1% 14,0% 16,8%
5 5 Mitsubishi 10.600 65.215 13,5% 14,2% 14,4% 12,1% 13,8%
6 6 Nissan 3.089 17.556 5,4% 4,3% 2,2% 3,5% 3,7%
7 7 Isuzu 2.115 10.679 2,8% 2,7% 0,7% 2,4% 2,3%
8 9 Kia 625 3.990 1,1% 0,9% 0,9% 0,7% 0,8%
9 10 Mazda 587 3.747 1,0% 0,8% 0,9% 0,7% 0,8%
10 8 Chevrolet 569 4.818 1,4% 1,3% 0,4% 0,6% 1,0%
11 13 Mercedes 428 1.310 0,4% 0,2% 0,2% 0,5% 0,3%
12 11 Hyundai 413 2.068 0,3% 0,4% 0,5% 0,5% 0,4%
13 12 Ford 345 1.974 0,9% 0,4% 0,4% 0,4% 0,4%
14 14 BMW 211 1.047 0,2% 0,2% 0,2% 0,2% 0,2%
15 18 Subaru 122 401 0,1% 0,1% 0,1% 0,1% 0,1%
16 16 Volkswagen 112 470 0,1% 0,1% 0,1% 0,1% 0,1%
17 17 Proton 103 419 0,1% 0,1% 0,1% 0,1% 0,1%
18 15 Chrysler 102 651 0,0% 0,2% 0,0% 0,1% 0,1%
19 20 Geely 84 224 0,1% 0,0% 0,0% 0,1% 0,0%
20 19 Lexus 65 268 0,1% 0,0% 0,1% 0,1% 0,1%
21 21 Mini 41 169 0,0% 0,0% 0,0% 0,0% 0,0%
22 22 Faw 35 166 0,0% 0,0% 0,0% 0,0% 0,0%
23 23 Audi 30 127 0,0% 0,0% 0,0% 0,0% 0,0%
24 28 Peugeot 14 46 0,0% 0,0% 0,0% 0,0% 0,0%
25 26 Dodge 11 49 0,0% 0,0% 0,0% 0,0% 0,0%
26 31 Land Rover 3 39 0,0% 0,0% 0,0% 0,0% 0,0%
26 24 Chery 3 90 0,0% 0,0% 0,0% 0,0% 0,0%
26 31 Infiniti 3 39 0,0% 0,0% 0,0% 0,0% 0,0%
26 30 Foton 3 41 0,0% 0,0% 0,0% 0,0% 0,0%
26 32 Jaguar 3 21 0,0% 0,0% 0,0% 0,0% 0,0%
26 29 Volvo 3 46 0,0% 0,0% 0,0% 0,0% 0,0%
26 25 Renault 3 75 0,0% 0,0% 0,0% 0,0% 0,0%
26 27 Smart 3 48 0,0% 0,0% 0,0% 0,0% 0,0%

Rank May Rank YTD Model Sales May 2014 Sales Ytd 2014 Share 2013 Share Q1 2014 Share Apr Share May Share YTD
1 1 Toyota Avanza 12.251 74.704 20,3% 16,5% 15,4% 14,0% 15,8%
2 2 Honda Mobilio 9.684 35.551 0,9% 6,2% 8,2% 11,0% 7,5%
3 4 Toyota Innova 4.964 26.351 6,2% 5,4% 5,9% 5,7% 5,6%
4 6 Suzuki Ertiga 4.354 20.502 6,0% 4,1% 4,5% 5,0% 4,3%
5 3 Toyota Agya 4.314 31.166 1,9% 7,0% 6,8% 4,9% 6,6%
6 5 Suzuki Carry Pick-up 4.103 20.599 4,3% 4,2% 4,5% 4,7% 4,4%
7 9 Daihatsu Gran Max Pick-up 3.978 19.119 4,5% 3,7% 4,7% 4,5% 4,0%
8 7 Daihatsu Ayla 3.309 20.038 1,7% 4,3% 4,4% 3,8% 4,2%
9 12 Honda Brio 2.500 12.297 1,4% 2,9% 1,3% 2,8% 2,6%
10 8 Daihatsu Xenia 2.466 19.422 6,2% 4,6% 3,9% 2,8% 4,1%
11 19 Toyota Yaris 2.243 7.955 1,8% 0,9% 3,3% 2,6% 1,7%
12 11 Mitsubishi T120-SS Pick up 2.092 12.602 2,8% 2,8% 2,6% 2,4% 2,7%
13 10 Toyota Rush 2.076 13.183 3,3% 2,8% 3,0% 2,4% 2,8%
14 13 Mitsubishi L300 1.706 11.833 2,6% 2,6% 2,6% 1,9% 2,5%
15 16 Nissan Grand Livina 1.571 8.904 3,3% 2,0% 1,5% 1,8% 1,9%
16 14 Suzuki APV Pick-up 1.470 11.115 1,9% 2,7% 1,9% 1,7% 2,3%
17 18 Toyota Fortuner 1.331 8.058 1,6% 1,5% 2,5% 1,5% 1,7%
18 40 Datsun Go 1.191 1.191 0,0% 0,0% 0,0% 1,4% 0,3%
19 26 Suzuki Splash 1.160 4.898 1,1% 1,1% 0,5% 1,3% 1,0%
19 22 Toyota Etios 1.160 6.673 1,2% 1,5% 1,3% 1,3% 1,4%
20 27 Daihatsu Gran Max Minibus 1.155 4.841 1,5% 1,0% 0,9% 1,3% 1,0%
21 30 Toyota Hilux 1.120 4.320 0,7% 0,8% 0,9% 1,3% 0,9%
22 20 Suzuki APV 1.119 7.185 1,4% 1,7% 1,2% 1,3% 1,5%
23 25 Toyota Vios 1.095 4.928 0,9% 1,0% 1,0% 1,2% 1,0%
24 23 Suzuki Mega Carry Pick-up 1.094 5.513 1,1% 1,1% 1,3% 1,2% 1,2%
25 21 Honda Jazz 1.057 6.895 2,7% 1,6% 1,3% 1,2% 1,5%

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